Just wondering what the master frame-rate setting was on the camera and if HDV rack maintained 'respect' of that rate. I have HDV rack as well, but I didn't recall that it was completely 24p compliant (yet).

As far as I can tell DVRack works just fine in 24p. I used it to capture about 25 minutes of footage for a VodCast that I'm preparing and it worked flawlessly. The m2t clips generated can be imported into HDVxDV and exported to FCP.